1020 E Warner Ave, Santa Ana, California 92707, Santa Ana, 92707 - 4 bed, 2 bath
ACTIVE$700,000
1020 E Warner Ave, Santa Ana, California 92707
4Beds
2Baths
1,727Sqft
7,405Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Duplex: The property is a detached two-unit duplex, offering immediate income potential for investors or a live-in owner seeking rental income.
Top Cons:
Extensive Renovation Required: The property is explicitly stated as 'ready for renovation and modernization,' indicating significant capital expenditure and effort will be needed to bring it to modern standards.
Compared to the nearby listings
Price:$700.0K vs avg $948.0K ($-248,000)13%
Size:1,727 sqft vs avg 2,604 sqft27%
Price/sqft:$405 vs avg $43040%
More Insights
Built in 1920 (105 years old).
Condition: Built in 1920, this property is over a century old and explicitly marketed as 'ready for renovation and modernization' and 'Sold as-is.' The exterior images reveal significant deferred maintenance, weathered surfaces, and general neglect, indicating substantial repairs are needed. The absence of interior photos, particularly of kitchens and bathrooms, strongly suggests these areas are in very poor, original, or unpresentable condition, requiring a complete overhaul. Major systems and components are likely outdated and in need of replacement.
Year Built
1920
Close
-
List price
$700K
Original List price
$700K
Price/Sqft
$405
HOA
-
Days on market
-
Sold On
-
MLS number
OC25193482
Home ConditionPoor
Features
Patio
ViewNeighborhood
About this home
Investor opportunity in Santa Ana! Lease to Purchase option on this home. This detached 2-unit property on a 7,405 sq ft lot is ready for renovation and modernization. Both units feature spacious layouts and offer the potential to increase value with updates. Perfect for investors or owner-occupants looking to add equity in a central location near schools, shopping, and freeways. Sold as-is, this property offers a rare chance to create a high-return investment in a desirable area.
Nearby schools
4/10
Monroe Elementary School
Public,•K-5•0.4mi
2/10
Thomas A. Edison Elementary School
Public,•K-5•0.6mi
3/10
Manuel Esqueda Elementary School
Public,•K-8•0.6mi
2/10
Julia C. Lathrop Intermediate School
Public,•6-8•1.4mi
3/10
Mcfadden Intermediate School
Public,•6-8•2.3mi
3/10
Century High School
Public,•9-12•1.1mi
6/10
Saddleback High School
Public,•7-12•1.2mi
Condition Rating
Poor
Built in 1920, this property is over a century old and explicitly marketed as 'ready for renovation and modernization' and 'Sold as-is.' The exterior images reveal significant deferred maintenance, weathered surfaces, and general neglect, indicating substantial repairs are needed. The absence of interior photos, particularly of kitchens and bathrooms, strongly suggests these areas are in very poor, original, or unpresentable condition, requiring a complete overhaul. Major systems and components are likely outdated and in need of replacement.
Pros & Cons
Pros
Income-Generating Duplex: The property is a detached two-unit duplex, offering immediate income potential for investors or a live-in owner seeking rental income.
Significant Value-Add Opportunity: Explicitly marketed for renovation and modernization, presenting a clear path for substantial equity growth and increased rental yields post-update.
Desirable Central Location: Situated in a central Santa Ana location with convenient access to schools, shopping, and major freeways, enhancing its appeal to both tenants and owner-occupants.
Generous Lot Size: A 7,405 sq ft lot provides ample space, which is a premium for a multi-unit property in an urban setting, potentially allowing for future expansion or enhanced outdoor living.
Flexible Lease-to-Purchase Option: The availability of a lease-to-purchase option broadens the potential buyer pool, offering an alternative acquisition strategy for qualified prospects.
Cons
Extensive Renovation Required: The property is explicitly stated as 'ready for renovation and modernization,' indicating significant capital expenditure and effort will be needed to bring it to modern standards.
Advanced Age of Structure: Built in 1920, the property is over a century old, suggesting potential for outdated infrastructure, systems, and unforeseen maintenance issues typical of historic homes.
Sold in As-Is Condition: Being sold 'as-is' means the buyer assumes all responsibility for current and future repairs, potentially leading to unexpected costs and risks without seller contribution.